ContourGlobal
| Company type | Public (formerly) |
|---|---|
| Industry | Energy production |
| Founded | 2005 |
| Founder | Joseph Brandt |
| Defunct | December 2022 |
| Fate | Acquired by KKR |
| Headquarters | United Kingdom |
Area served | 19 countries |
| Products | Electricity generation (fossil fuels and renewables) |
| Parent | KKR |
ContourGlobal plc is a UK-based energy producer. It was listed on the London Stock Exchange until its purchase by KKR in December 2022.
History
Established in 2005 by Joseph Brandt with financial support from Reservoir Capital Group, ContourGlobal grew through targeted acquisitions. In June 2015, the company acquired the Vorotan Cascade hydroelectric facility in Armenia for US$180 million. The firm went public in November 2017, securing £281 million via its initial public offering. In February 2018, ContourGlobal expanded its portfolio by acquiring solar power assets from Acciona for US$1.19 billion.
In May 2022, private equity firm KKR made a £1.75 billion bid to acquire ContourGlobal. The transaction was completed after receiving court approval in December 2022.
Operations
Around 59% of the company’s electricity generation comes from fossil fuels such as coal and natural gas, while the remaining 41% is derived from renewable sources including wind, solar, and hydroelectric power. ContourGlobal manages 69 power stations distributed across 19 countries.